Liu: Taiwan in "no hurry" to allow mainland investments

Taiwan Premier Liu Chao-shiuan said the island is “in no hurry” to allow mainland Chinese investments, the Financial Times reported. “This is a very sensitive topic in Taiwan that has polarized people here… [If] we open up too much too soon, it will become a political problem and the pace of liberalization will end up being even slower,” he told the paper in an interview. Liu specifically mentioned a proposed deal in which mainland telecom firm China Mobile would take a 12% stake in Taiwan’s Far EasTone, saying the companies “must amend their plans.” Liu’s comments came ahead of a news conference by Taiwan President Ma Ying-jeou to mark his first year in office. Ma highlighted thawing relations with Beijing, but said there were limits to economic integration.

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